Capital asset pricing model in the 21st century, the: analytical, empirical, and behavioral perspectives
Auteur :
Levy, Haim
Éditeur :
Cambridge University Press
ISBN :
9780521186513
Date de publication :
30 oct. 2011
Dimensions :
22,9 x 15,2 x 2,3 cm
Poids :
600 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
Behavioral economics and the classical models in finance, such as the Capital Asset Pricing Model (CAPM), seemingly contradict each other. This tension is particularly strong for professors who teach both the CAPM and behavioral finance. This book bridges prospect theory and the classical models in finance to show that there is no contradiction between them.